Financial measures help China's economy recover and steadily promote investment towards high-quality development | Foreign exchange reserves | China
CCTV News: The State Administration of Foreign Exchange announced the latest situation of foreign exchange reserves yesterday, and the data shows that the scale of China's foreign exchange reserves is stable but has increased.
The latest data from the State Administration of Foreign Exchange shows that at the end of June, China's foreign exchange reserves reached 3193 billion US dollars, an increase of 16.5 billion US dollars or 0.52% compared to the end of May; Compared to the end of December last year, it increased by 65.3 billion US dollars, with a growth rate of 2.09%, indicating a steady increase in scale.
Wen Bin, Chief Economist of China Minsheng Bank: In June, China's bank foreign exchange settlement and sales, as well as bank foreign exchange receipts and payments on behalf of customers, showed a slight surplus, both significantly higher than the level in May, continuing the surplus pattern; The net purchase of domestic bonds by foreign investors in June also continued the high scale of the previous months, indicating that in the context of fluctuations in the international financial market, RMB bonds have become increasingly valuable for long-term investment. In addition, multiple stable foreign trade policies continue to be implemented, and the foreign trade structure continues to be optimized. The comprehensive factors have laid a solid foundation for the stable and rising scale of China's foreign exchange reserves.
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The relevant person in charge of the State Administration of Foreign Exchange stated that China's economy is showing a clear upward trend, and high-quality development is steadily advancing, which is conducive to maintaining basic stability in the scale of foreign exchange reserves.
The People's Bank of China issues the "Management Measures for Central Bank Deposit Accounts"
Yesterday, the People's Bank of China formulated and released the "Management Measures for Central Bank Deposit Accounts" to standardize the services and management of central bank deposit accounts, improve the transparency, fairness, and accessibility of central bank monetary settlement services.
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The Central Bank Deposit Account refers to a liability account opened by the People's Bank of China for relevant units or organizations to deposit funds. The Measures unify the classification, account opening conditions, and evaluation standards of central bank deposit accounts, improving the predictability and convenience of obtaining central bank account services; Clarify the management requirements for opening, changing, revoking, and using central bank deposit accounts, and implement full life cycle management of accounts. The Measures focus on strengthening risk control in key links, standardizing requirements for agency settlement and account security management, which is conducive to reducing the risk of fund settlement in central bank deposit accounts and ensuring business continuity.
Launch of pilot cooperation mechanism for investment and loan linkage
In order to expand effective investment and promote private investment, the National Development and Reform Commission, together with seven banks, launched the establishment of an investment loan linkage pilot cooperation mechanism yesterday.
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In the pilot cooperation mechanism of investment loan linkage, the National Development and Reform Commission is responsible for launching major investment projects, and seven banks are responsible for providing financial services and support for these major investment projects. This mechanism relies on the already operational national investment project online approval and supervision platform, connecting banks to this platform for the first time, achieving interconnection between the investment online platform and the bank's relevant credit information system.
Establishing a pilot cooperation mechanism is beneficial to support efficient loan review by financial institutions. The investment online platform shares information on project investment subjects, construction content, and other aspects with banks, providing authoritative information support for banks to quickly and efficiently verify the authenticity of projects and accelerate the loan review process.
Zhang Feng, General Manager of the Financial Business Department of Industrial and Commercial Bank of China: Under the premise of compliance with laws and regulations, banks can obtain personalized data support from investment online platforms, which helps banks innovate their products and services, and improve their service capabilities. Similarly, enterprises, especially private enterprises, will greatly improve the convenience of obtaining financing.
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On the other hand, the cooperation mechanism is also conducive to strengthening the supervision of the entire project process.
Han Zhifeng, Deputy Director of the Investment Department of the National Development and Reform Commission: Banks share information on project loans, fund disbursements, construction progress, and other related information on investment online platforms, which helps to improve the precision level of project supervision throughout the entire process and also helps to better conduct investment situation analysis.